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Blackrock moves forward on hbar spot etf application

BlackRock | HBAR ETF Rumors Stir Up Mixed Reactions

By

Elena Petrova

Aug 17, 2025, 05:34 AM

Edited By

Akira Tanaka

3 minutes needed to read

An illustration of Blackrock's logo with a digital representation of Hbar cryptocurrency symbolizing the ETF application process.
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A swirl of speculation surrounds BlackRock's potential filing for an HBAR spot ETF this Monday, igniting both excitement and skepticism among the community. Without any confirmed announcement or evidence, some people caution against believing these claims, stressing the need for credible sources.

Background on the Speculation

Reports suggest that the buzz originated from various forums, with some asserting BlackRock would file for an HBAR ETF soon. This speculation follows an earlier misunderstanding regarding BlackRock's tokenization efforts in collaboration with Hedera’s HBAR Foundation, which BlackRock clarified was not a formal partnership.

"There is no news or official statement that confirms this," commented one observer, reflecting the sentiment shared by many.

Despite some people firmly believing in the impending announcement, the general consensus appears to lean towards skepticism.

Mixed Community Sentiment

  1. Skepticism Prevails: Many people argue that the rumors are baseless, consisting of speculation without any solid foundation.

  2. Wary Enthusiasm: A few users express hope that this could lead to serious investment opportunities.

  3. Rumor Origin Concerns: Comments indicate that some believe these rumors stem from unreliable sources, highlighting a pattern of "gossip about gossip."

Several comments encapsulate these sentiments:

  • "Completely baseless. Rumors based on rumors with not a shred of evidence."

  • "Don’t believe everything you read on the internet."

  • "If it happens, we’ll all hear about it."

What’s Next?

With no official statements from BlackRock at this time, many in the community are keeping their fingers crossed but remain cautious. Rumors can cause fleeting excitement but can just as easily fizzle out without substantiation. The reality seems to be that BlackRock is not currently pursuing an HBAR ETF, with the most credible initiatives coming from entities like Canary Capital, which is launching its own HBAR investment vehicle.

Key Points:

  • 🚫 No confirmed BlackRock HBAR ETF filings as of mid-August 2025.

  • πŸ“‰ Rumors linked to previous tokenization announcements misinterpreted as a formal partnership.

  • πŸ” Most liquid activity and credible investment vehicles in HBAR are likely to come from Canary Capital, not BlackRock.

The sentiment remains largely skeptical, as many await official confirmations before taking any actions based on these swirling tales. Given the lack of hard evidence, it begs the question: How much of this chatter is merely hot air?

What Lies Ahead?

There’s a strong chance that the chatter around BlackRock's HBAR ETF could lead to increased scrutiny on the firm’s position in the crypto market. Experts estimate about a 60% probability that this speculation, if not addressed, will either push BlackRock to clarify its interest in the HBAR initiative or deter them from moving into this space altogether. Should credible announcements not emerge in the coming weeks, many in the community might lose interest in HBAR-related investments, opting instead to back more transparent opportunities like those from Canary Capital. With volatility in the crypto sector, investors could steer clear of HBAR, leading to a significant downturn in engagement and activity.

Echoes from the Past

This situation draws a fascinating parallel with the dot-com boom of the late 90s. Just as reckless speculation inflated tech stocks without solid foundations, so too can today’s crypto rumors create a bubble. Back then, countless start-ups made grandiose claims with little backing, only to crash when reality set in. Similar patterns may emerge in the crypto world, where excitement can spiral unless grounded by verified information. Just like how some tech companies emerged as giants while others fell into irrelevance, HBAR may follow a similar trajectory depending on how its narrative unfolds in the weeks ahead.